Thanks for all that - I don't think they'd want my brother to be in charge of the child's PBs, so they probably won't go down that route, but I might persuade them to put at lest a few k into PB for themselves.

They're making me POA and they seem to think that mean I have to give them investment and tax advice

Bouleversee wrote:£75 for me this month, slightly better but still not great on £50k.

It's more than you should expect to win really.

Scott.

Why? Some months I win nothing, others £25 and over the year it isn't more than the notional rate which is not a brilliant return. Actually, I expect to win £1m every month but unfortunately my expectations are never realised, though there is always next month. It's a lottery where you don't lose your stake and we have to accept it as such and take what we get, regardless of expectations, or get out. We can still have a moan if our winnings don't amount to all that much, though.

OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.

Bouleversee wrote:OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.

Bouleversee wrote:OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.

Yes, that is disappointing, but what would you do with it otherwise? You are only gambling the after tax interest on anything else or otherwise would be taking a risk of losing some of your capital. I took money out of poor paying savings accounts some years ago and put it into an equity ISA and am down 20% even though dividends have been reinvested. My £50k premium bonds produce a very low return but there's always hope of a biggle and a little frisson every month till I find I haven't had one. I suppose fixed interest accounts will improve when the interest rate change takes effect so might be worth considering.

This I guess is for the future (and wouldn't include any prize rate rises):

With £18,000 in Premium Bonds, if you have average luck[1]you would expect to win roughly £450 over 2 year(s) … [1]We use an estimate of the 'median average'. This means if everyone with £18,000 in bonds stood in ascending order of amount won, the person in the middle of the line has 'average luck'.

As for your £50:

Sorry you are unlucky! Almost 100% of people who have put £18,000 in premium bonds over 2 years win more than £50.

Based on that, with average median luck, I'd probably continue to hold. That is if you think 1.25% per annum is worthwhile and you don't mind losing out to inflation but no more, rather than throwing it into, say, the quagmire that is AIM, which Boulee and I excel at.

This I guess is for the future (and wouldn't include any prize rate rises):

With £18,000 in Premium Bonds, if you have average luck[1]you would expect to win roughly £450 over 2 year(s) … [1]We use an estimate of the 'median average'. This means if everyone with £18,000 in bonds stood in ascending order of amount won, the person in the middle of the line has 'average luck'.

As for your £50:

Sorry you are unlucky! Almost 100% of people who have put £18,000 in premium bonds over 2 years win more than £50.

Based on that, with average median luck, I'd probably continue to hold. That is if you think 1.25% per annum is worthwhile and you don't mind losing out to inflation but no more, rather than throwing it into, say, the quagmire that is AIM, which Boulee and I excel at.

Thanks for that. It has not made me feel any better. Below average luck is not an unexpected conclusion. I shall probably keep them for a few more months and see what happens. I wonder if there is any advantage in cashing them in and buying £18000 in one bond as at presently my holdings are £10k in one and £8k in another.